RULE: 12 - AD VALOREM RATES Eff: 17JUN1994

Effective 17JUN1994
Filed 20MAR1994
Filing Codes I

All shipments moving pursuant to and rated under the rules,
regulations, rates and charges named in this Tariff are
predicated on Carrier's liability NOT exceeding the limits
specified in the Carrier's regular B/L (see Rule 8) and/or
the provisions named herein.
     
a. Overocean Service Liability: While cargo is in transport
   between POL and POD, Carrier's liability shall be
   determined in accordance with the clauses of the
   Carrier's regular B/L (See Rule 8).  If the Shipper
   desires Carrier to accept a higher liability limit than
   that specified in its B/L, Shipper MUST so stipulate
   such desire to Carrier, in writing, prior to tender of
   cargo to Carrier at origin.  Such additional liability
   will ONLY be assumed by the Carrier upon the payment of
   an additional charge of 4% (four percent) of the
   total valuation declared by the Shipper.  This Ad
   Valorem charge shall be in ADDITION to all other
   otherwise applicable rates and charges assessed under
   this Tariff.
     
b. Inland Service Liability: While cargo is in transport 
   between U.S. Points of Origin or Destination and U.S.
   POL or POD as part of a through movement, the terms and
   conditions of XYZ Shipping's regular B/L, specifying
   that the liability for the cargo during such portion of
   the through transportation rests with the underlying
   inland Carrier, applies.  XYZ Shipping will NOT accept,
   NOR be liable for, any liability greater than the such
   limits.
     
c. Neither any oral declaration, nor any statement of value
   for governmental or Customs purposes, nor presentation
   of invoices for use in foreign Customs, nor collection
   of C.O.D. amounts or other purposes, nor the declaration
   of value for insurance, nor instructions to the Carrier
   to insure, shall be deemed a "declaration of value" as
   provided in paragraphs a. and b. above which would
   increase Carrier's stipulated liability, nor shall any
   such offering supplement or amend in any way the
   liability of the Carrier for the cargo at the time of
   shipment, on which charges for transportation services
   are based.
     
d. Regardless of the value declared by the Shipper,
   Carrier's liability will NOT exceed the actual value of
   the cargo or the actual damages sustained when less.
     
e. Where rates or charges are specified in this Tariff as
   applying on an Ad Valorem Basis, the value used in
   assessing freight charges shall be the invoice value
   shown on the Shipping Documents and B/L.

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